8.20

Uruguay

Selected Economic and Social Data

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

Population ('000)

3,043

3,060

3,077

3,094

3,112

3,131

3,149

3,168

3,186

3,204

3,221

Growth Rate (%)

0.6

0.6

0.6

0.6

0.6

0.6

0.6

0.6

0.6

0.6

0.5

National Accounts

GDP, current prices (m. pesos)

1,162

2,726

4,839

9,784

20,271

35,868

54,514

82,111

114,572

152,449

188,529

GDP, 1983 prices (m. pesos)

206.9

206.8

209.5

211.3

218.1

235.3

242.4

257.7

253.2

266.6

280.1

Real GDP Growth Rate (%)

7.9

0.0

1.3

0.9

3.2

7.9

3.0

6.3

-1.7

5.3

5.1

Real Per Capita GDP (1983 pesos)

67.99

67.58

68.09

68.29

70.08

75.15

76.98

81.34

79.47

83.21

86.96

Real Per Cap. GDP Growth Rate (%)

7.3

-0.6

0.7

0.3

2.6

7.2

2.4

5.7

-2.3

4.7

4.5

Gross Domestic Investment/GDP (%)

14.3

13.2

11.3

11.0

13.5

13.3

14.6

13.8

12.9

12.6

12.8

Prices

GDP Deflator (1983=100)

561

1,318

2,310

4,630

9,294

15,244

22,489

31,863

45,250

57,183

67,308

Annual Change (%)

20.9

134.8

75.3

100.5

100.7

64.0

47.5

41.7

42.0

26.4

17.7

Consumer Prices (1990=100)

16.1

26.1

47.1

100.0

202.0

340.2

524.3

758.9

1,079.5

1,385.4

1,660.0

Annual Change (%)

64.3

62.1

80.5

112.3

102.0

68.4

54.1

44.7

42.2

28.3

19.8

Balance of Payments (US$m)

Current Account Balance

(141)

22

134

186

43

(9)

(244)

(438)

(212)

(233)

(321)

Exports, fob

1,182

1,404

1,599

1,693

1,605

1,801

1,731

1,918

2,148

2,448

2,780

Imports, fob

1,080

1,112

1,136

1,267

1,544

1,923

2,118

2,624

2,711

3,135

3,503

Trade Balance

102

292

463

426

61

(122)

(387)

(706)

(563)

(687)

(723)

Factor Payments, net

(302)

(324)

(349)

(321)

(232)

(187)

(192)

(242)

(227)

(189)

(208)

Other Services, net

51

33

12

73

174

271

282

469

502

560

529

Transfers, net

8

21

8

8

40

29

53

41

76

83

81

Capital Account Balance

272

178

(74)

(181)

(398)

(43)

214

527

412

200

670

Direct Investment, net

55

45

..

..

..

..

102

155

157

169

..

Portfolio Investment, net

183

164

130

108

47

84

29

158

289

180

..

Other Investment, net

34

(31)

(204)

(289)

(445)

(127)

83

214

(34)

(149)

..

Errors and Omissions

(104)

(247)

(63)

35

469

238

209

10

18

152

(28)

Overall Balance

27

(47)

(3)

40

114

186

179

99

218

119

321

External Public Debt

Debt Outstanding,12/31 (US$m)

3,126

2,951

3,008

3,045

2,900

3,143

3,372

3,752

3,833

4,097

..

Debt Outstanding/GDP (%) [a]

61.0

38.9

37.6

36.4

28.9

26.5

24.4

23.1

21.2

21.4

..

Debt Service/Exports (%)

25.4

29.2

21.2

32.9

29.0

16.7

18.5

13.8

21.8

14.3

..

Consolidated Nonfinancial Public Sector (% of GDP)

Current Revenue

23.7

24.9

23.8

28.9

31.1

31.7

30.8

30.5

30.0

30.4

30.8

Current Expenditures

21.7

22.6

23.5

24.5

25.8

26.4

26.9

27.3

26.9

27.5

27.7

Current Surplus/Deficit

2.0

2.3

0.3

4.4

5.3

5.3

3.9

3.2

3.1

2.9

3.1

Capital Revenue

0.0

0.0

0.0

0.0

0.1

0.0

0.0

0.0

0.0

0.0

0.0

Capital Expenditures

3.5

4.2

3.8

4.0

4.1

3.9

4.7

5.7

4.2

3.9

4.1

Overall Surplus/Deficit

-1.5

-1.9

-3.5

0.4

1.3

1.4

-0.8

-2.5

-1.1

-1.0

-1.0